JLL: Minneapolis Attracting More Investors

MINNEAPOLIS—This city has become one of the most vibrant real estate markets in the US. And according to JLL’s recently released Spring 2014 Minneapolis Skyline Review, a study of the top downtown office properties, institutional investors took notice in a big way throughout 2013. Six of the city’s major office towers traded hands in the past year, with a total of more than 3.4-million-square-feet, a pace not seen since before the recession. As a result, “owners are establishing higher asking rates in order to meet aggressive pro-forma expectations.”

The firm now includes 43 cities and areas in its US Skyline Review, with a total of 979 buildings.